Cazenove Fund Management is to launch an Oeic sub-fund linked to a trustee investment plan in Novemb...
Cazenove Fund Management is to launch an Oeic sub-fund linked to a trustee investment plan in November, writes Jane Wallace The sub-fund will be a life-wrapped balanced fund follo-wing the CAPS Median for asset allocation. Suffolk Life will take responsibility for providing the life wrapper. RBS will carry out administration for the new Oeic and plan. Cazenove was previously with Perpetual but terminated the contract because it did not provide an Oeic capability The new fund requires a life wrapper to get around complicated tax issues that apply to mixed funds, those with bonds and equiti...
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